NCI Building Systems, Inc. (NCS) Stock Rating Lowered by BidaskClub
NCI Building Systems, Inc. (NYSE:NCS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.
NCS has been the topic of several other research reports. Zacks Investment Research lowered NCI Building Systems from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Royal Bank Of Canada raised NCI Building Systems from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $18.00 to $20.00 in a research report on Tuesday, April 25th. Finally, TheStreet raised NCI Building Systems from a “c” rating to a “b-” rating in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.50.
Shares of NCI Building Systems (NYSE NCS) traded down 1.20% during midday trading on Friday, hitting $16.40. The stock had a trading volume of 369,929 shares. NCI Building Systems has a one year low of $13.80 and a one year high of $18.60. The stock has a market cap of $1.16 billion, a PE ratio of 19.14 and a beta of 1.51. The firm has a 50 day moving average price of $17.48 and a 200 day moving average price of $16.82.
NCI Building Systems (NYSE:NCS) last issued its earnings results on Tuesday, June 6th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. NCI Building Systems had a return on equity of 20.84% and a net margin of 3.50%. The business had revenue of $420.50 million for the quarter, compared to analyst estimates of $409.24 million. During the same quarter last year, the company earned $0.04 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. On average, equities analysts forecast that NCI Building Systems will post $1.00 earnings per share for the current fiscal year.
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In related news, insider Norman C. Chambers sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $17.74, for a total transaction of $798,300.00. Following the transaction, the insider now owns 476,403 shares in the company, valued at approximately $8,451,389.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.78% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in NCI Building Systems by 78.4% in the fourth quarter. Teachers Advisors LLC now owns 107,238 shares of the construction company’s stock worth $1,678,000 after buying an additional 47,111 shares in the last quarter. Wells Fargo & Company MN increased its position in NCI Building Systems by 16.9% in the first quarter. Wells Fargo & Company MN now owns 169,130 shares of the construction company’s stock worth $2,901,000 after buying an additional 24,458 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new position in NCI Building Systems during the first quarter worth about $2,752,000. First Trust Advisors LP increased its position in NCI Building Systems by 43.3% in the first quarter. First Trust Advisors LP now owns 127,847 shares of the construction company’s stock worth $2,193,000 after buying an additional 38,604 shares in the last quarter. Finally, American Century Companies Inc. increased its position in NCI Building Systems by 0.5% in the first quarter. American Century Companies Inc. now owns 1,142,507 shares of the construction company’s stock worth $19,594,000 after buying an additional 5,624 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.
About NCI Building Systems
NCI Building Systems, Inc is a manufacturer and marketer of metal products in North America. The Company’s operating segments include Engineered building systems, Metal components and Metal coil coating. The Engineered building systems segment is engaged in the manufacturing of main frames and long bay systems, and engineering and drafting.
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